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St. Lawrence IDA approves incentives for Hoosier

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CANTON — The St. Lawrence County Industrial Development Agency approved incentives Thursday for Hoosier Magnetics, Ogdensburg, which is planning to replace an existing building with a 2,800-square-foot maintenance facility with showers and a locker room for employees.

The IDA approved a sales and use tax exemption and its standard payment-in-lieu-of-tax agreement, which provides for a 100 percent abatement for the first five years and a 50 percent abatement for the second five years.

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